April 26, 2012 at 20:00 PM EDT
Ubika Research Report on Prepaid Card Leader Mint Technology Corp Winning the Third Party Processor License from UAE Central Bank

TORONTO, Canada: Ubika Research has released a new research bulletin on Mint Technology Corp (TSX VENTURE: MIT) (CVE: MIT) on the recent announcement that Mint Global Processing LLC (subsidiary of MIT) has won the approval from UAE Central Bank to be the fourth Third Party Processor to be authorized to connect to the UAE Central Bank Switch. Ubika Research analyst Vishy Karamadam says “With this certification MIT is joining an exclusive club (an oligopoly) of just three other third party processors who are licensed to process prepaid and ATM transactions in UAE”.To download the research bulletin please visit: http://www.smallcappower.com/companies/mint-technology-corp/research-reports.html Established in 2004, Mint Technology Corp (TSX VENTURE: MIT) (CVE: MIT) is the world's first vertically integrated prepaid card and payroll services provider with its own ATM network, payment processing platform and proprietary branded card product including microcredit, mobile top up and money remittance services delivered seamlessly to workers throughout the Middle East and North Africa region. The company has exposure to a fast growing region of the world, with a huge unbanked population well in excess of 100 million people. Mint has a market capitalization of $33 million while larger cardholder base North American prepaid card providers such as Green Dot Corporation (NYSE: GDOT) and NetSpend Holdings Inc (NASDAQ: NTSP) -that primarily cater to the 60 million unbanked population in USA- command significantly higher market value.Visit the investor information hub for Mint Technology Corp (TSX VENTURE: MIT) (CVE: MIT) at http://www.smallcappower.com/companies/mint-technology-corp/home.html to view the initiation research report, analyst commentary and CEO video interview with Mr. Chris Hogg, Executive Chairman of Mint Technology Corp (TSX VENTURE: MIT) (CVE: MIT). About Ubika ResearchUbika is an investment research and capital market services firm based in Toronto and Vancouver with a proven track record of identifying and launching coverage of high potential small cap stocks at an early stage, thus offering timely market insights. Its specialty is small-cap companies with a market capitalization of <$1 billion.DisclosureUbika Research has received compensation from Mint Technology Corp to provide analyst research coverage Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://smallcappower.com/disclosure.aspxFor additional information contact:Vishy Karamadam, Managing DirectorEmail: vishy@ubikacorp.comPhone: 647-352-0666

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